Common use of Payments and Invoice Provisions Clause in Contracts

Payments and Invoice Provisions. Payment will be made in accordance with applicable State of Arkansas accounting procedures upon acceptance by the agency. The State may not be invoiced in advance of delivery and acceptance of any products or services. Payment will be made only after the contractor has successfully satisfied the ordering agency as to the goods and/or services purchased. Contractor should invoice the ordering agency by an itemized list of charges. The purchase order number and/or contract number should be referenced on each invoice. All invoices should be forwarded to the address that is specified on the agency's purchase order. Payments shall be submitted to the contractor at the address shown on the invoice. Payment shall be tendered to the contractor within thirty (30) days of the date of invoice. After the sixtieth (60th) day from the date of the invoice, unless mutually agreed to, interest shall be paid on the unpaid balance due to the contractor at the rate of one half of one percent per month in accordance with Arkansas Code Annotated §00-00-000. The procuring agency shall make a good- faith effort to pay within thirty (30) days after date of invoice. Payments may also be made via a purchasing entity's purchasing card.

Appears in 2 contracts

Samples: Contract, www.transform.ar.gov

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Payments and Invoice Provisions. Payment will be made in accordance with applicable State of Arkansas accounting procedures upon acceptance by the agency. The State may not be invoiced in advance of delivery and acceptance of any products or services. Payment will be made only after the contractor has successfully satisfied the ordering agency as to the goods and/or services purchased. Contractor should invoice the ordering agency by an itemized list of charges. The purchase order number and/or contract number should be referenced on each invoice. All invoices should be forwarded to the address that is specified on the agency's purchase order. Payments shall be submitted to the contractor at the address shown on the invoice. Payment shall be tendered to the contractor within thirty (30) days of the date of invoice. After the sixtieth (60th) day from the date of the invoice, unless mutually agreed to, interest shall be paid on the unpaid balance due to the contractor at the rate of one half of one percent per month in accordance with Arkansas Code Annotated §00-00-000. The procuring agency shall make a good- good-faith effort to pay within thirty (30) days after date of invoice. Payments may also be made via a purchasing entity's purchasing card.

Appears in 1 contract

Samples: Contract

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Payments and Invoice Provisions. Payment will be made in accordance with applicable State of Arkansas accounting procedures upon acceptance by the agencyparticipating entity. The State may not be invoiced in advance of delivery and acceptance of any products or and/or services. Payment will be made only after the contractor has successfully satisfied the ordering agency as to the goods and/or services purchased. Contractor The contractor should invoice the ordering agency by an itemized list of charges. The purchase order number and/or contract number should be referenced on each invoice. All invoices Invoices should be forwarded to the address that is ordering agency as specified on the agency's their purchase order. Payments shall be submitted to the contractor at the address shown on the invoice. Payment shall be tendered to the contractor within thirty (30) days of the date of invoice. After the sixtieth (60th) day from the date of the invoice, unless mutually agreed to, interest shall be paid on the unpaid balance due to the contractor at the rate of one half of one percent per month in accordance with Arkansas Code Annotated §00-00-000. The procuring agency shall make a good- faith effort to pay within thirty (30) days after date of invoice. Payments may also be made via a purchasing entityParticipating Entity's purchasing cardPurchasing Card.

Appears in 1 contract

Samples: Outline Agreement Award Terms and Conditions

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